Helen, a single woman, and Mark, a single man, purchase an investment property together in California. They each contribute 50% of the purchase price but do not specify the form of ownership on the deed. Under California law, how is the property presumed to be held?
Correct Answer
B) Tenancy in common
Under California Civil Code §686, when two or more unmarried persons acquire property together and the deed does not specify the form of ownership, the default presumption is tenancy in common. Unlike married couples (who default to community property), unmarried co-owners are presumed to hold as tenants in common.
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A grantor conveys California property to a grantee using the phrase 'so long as the property is used as a museum.' The grantee later converts the property to office space. Which type of estate was created, and what is the legal consequence of the conversion?
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Carlos and Patricia are married and hold their California home as joint tenants. Carlos dies without a will. Under California law, what happens to Carlos's interest in the property?